PLANADVISER - Winter 2023 - 6

Just the Facts
Artificial Intelligence Potential
RETIREMENT savings and behavioral
finance expert Shlomo Benartzi is
turning his attention to artificial intelligence.
The University of California, Los
Angeles, professor emeritus and founder
of PensionPlus is starting to explore AI's
role in the qualified retirement plan space.
Benartzi has begun working on a
project to see if AI can help personalize,
at scale, content
for plan participants.
" Can the machine help take the same idea
about the need to save and tell me the
style I need to write it in for people [based
on] income, gender, whatever? " he says. " I
think it would allow us to do 80% of the
assessment with 20% of the effort. "
He also recognizes some of its problems
such as the technology's potential to give
educated, but ultimately wrong, answers
and its propensity to " double down " after
a bad bet to try and recoup losses.
Besides being consumer-facing, AI can
also help advisers, Benartzi says, noting
the technology can assist in client assessment,
proposals, plan management, plan
administration and more. -Alex Ortolani
Boomers Hold Half of the Nation's Wealth
An intergenerational transfer
of wealth is in motion in
America-and it will dwarf
any in the past. In 1989, total
family wealth in the U.S. was
about $38 trillion, adjusted
for inflation. By 2022, that
wealth had more than
tripled, reaching $140 trillion.
Of the $84 trillion projected
to be passed down to
Millennial and Generation X
heirs through 2045, $16 trillion
will be transferred within the
next decade.
$14.2t
Millennials
born 1981 - 1996
$47.8t
Generation X
born 1965 - 1980
$18.1t
The Silent
Generation
born before 1946
$78.3t
Baby Boomers
born 1946 - 1964
Source: Federal Reserve, as of fourth quarter 2022
Note: The total amount accounts for liabilities, but the individual asset categories do not, nor
do they add up to the $140 trillion total. Total assets when excluding liabilities is $158 trillion.
6 planadviser.com | Winter 2023 | Plan Management
Art by Jam Dong

http://www.planadviser.com

PLANADVISER - Winter 2023

Table of Contents for the Digital Edition of PLANADVISER - Winter 2023

Publisher’s Note
Just the Facts
On the Move
Nuts & Bolts
What’s Next?
Best Foot Forward
2023 PLANADVISER National Conference
Cybersecurity Conference
Let It Ride
Cultivating Connections
The Risks of Custom TDFs
Managed Account Services
People-Savvy
Be Sure They Get the Message
End Paper
PLANADVISER - Winter 2023 - Cover1
PLANADVISER - Winter 2023 - FC1
PLANADVISER - Winter 2023 - FC2
PLANADVISER - Winter 2023 - Cover2
PLANADVISER - Winter 2023 - 1
PLANADVISER - Winter 2023 - Publisher’s Note
PLANADVISER - Winter 2023 - 3
PLANADVISER - Winter 2023 - Just the Facts
PLANADVISER - Winter 2023 - 5
PLANADVISER - Winter 2023 - 6
PLANADVISER - Winter 2023 - 7
PLANADVISER - Winter 2023 - On the Move
PLANADVISER - Winter 2023 - 9
PLANADVISER - Winter 2023 - 10
PLANADVISER - Winter 2023 - 11
PLANADVISER - Winter 2023 - Nuts & Bolts
PLANADVISER - Winter 2023 - 13
PLANADVISER - Winter 2023 - What’s Next?
PLANADVISER - Winter 2023 - 15
PLANADVISER - Winter 2023 - 16
PLANADVISER - Winter 2023 - 17
PLANADVISER - Winter 2023 - 18
PLANADVISER - Winter 2023 - Best Foot Forward
PLANADVISER - Winter 2023 - 20
PLANADVISER - Winter 2023 - 21
PLANADVISER - Winter 2023 - 2023 PLANADVISER National Conference
PLANADVISER - Winter 2023 - 23
PLANADVISER - Winter 2023 - 24
PLANADVISER - Winter 2023 - 25
PLANADVISER - Winter 2023 - Cybersecurity Conference
PLANADVISER - Winter 2023 - 27
PLANADVISER - Winter 2023 - Let It Ride
PLANADVISER - Winter 2023 - 29
PLANADVISER - Winter 2023 - 30
PLANADVISER - Winter 2023 - 31
PLANADVISER - Winter 2023 - Cultivating Connections
PLANADVISER - Winter 2023 - 33
PLANADVISER - Winter 2023 - The Risks of Custom TDFs
PLANADVISER - Winter 2023 - 35
PLANADVISER - Winter 2023 - Managed Account Services
PLANADVISER - Winter 2023 - 37
PLANADVISER - Winter 2023 - People-Savvy
PLANADVISER - Winter 2023 - Be Sure They Get the Message
PLANADVISER - Winter 2023 - End Paper
PLANADVISER - Winter 2023 - Cover3
PLANADVISER - Winter 2023 - Cover4
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